§ 131A-34 – Commission approval for loan.
131A-34. Commission approval for loan. (a) Approval Required. – UNC Health Care shall not award a loan under the Program unless the Commission approves it. If the Commission enters an order denying the loan, the proceedings under this Article shall be at an end. (b) Conflict of Interest. – UNC Health Care must disclose to […]
§ 131A-35 – Award of loans; terms.
131A-35. Award of loans; terms. (a) Award. – Upon approval of the loan by the Commission, UNC Health Care shall execute the terms of the loan agreement. In adopting terms of the loan agreement, UNC Health Care may require changes to the governance structure of the eligible hospital. (b) Interest Rate and Maturity. – The […]
§ 131A-36 – Annual reports on the Rural Health Care Stabilization Fund.
131A-36. Annual reports on the Rural Health Care Stabilization Fund. (a) Requirement. – UNC Health Care shall publish a report each year on the Rural Health Care Stabilization Fund. The report shall be published by November 1 of each year and cover the preceding fiscal year. UNC Health Care shall make the report available to […]
§ 131A-23 – Additional method.
131A-23. Additional method. The foregoing sections of this Article shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing; provided, […]
§ 131A-24 – Liberal construction.
131A-24. Liberal construction. This Article, being necessary for the health and welfare of the people of the State, shall be liberally construed to effect the purposes thereof. (1975, c. 766, s. 1; 2019-240, s. 27.1(a), (b).)
§ 131A-25 – Inconsistent laws inapplicable.
131A-25. Inconsistent laws inapplicable. Insofar as the provisions of this Article are inconsistent with the provisions of any general or special laws, or parts thereof, the provisions of this Article shall be controlling. (1975, c. 766, s. 1; 2019-240, s. 27.1(a), (b).)
§ 131A-30 – Definitions.
131A-30. Definitions. The following definitions apply in this Article: (1) Commission. – The Local Government Commission established pursuant to G.S. 159-3. (2) Eligible hospital. – A health care facility located in a development tier one or development tier two area, as defined in G.S. 143B-437.08, that is unable to sustain operations for more than three […]
§ 131A-31 – The Rural Health Care Stabilization Program.
131A-31. The Rural Health Care Stabilization Program. (a) Program Established; Purpose. – There is established the Rural Health Care Stabilization Program to provide loans for the support of eligible hospitals located in rural areas of the State that are in financial crisis due to operation of oversized and outdated facilities and recent changes to the […]
§ 131A-32 – The Rural Health Care Stabilization Fund.
131A-32. The Rural Health Care Stabilization Fund. The Rural Health Care Stabilization Fund is created as a nonreverting special fund in the Office of State Budget and Management. The Fund shall operate as a revolving fund consisting of funds appropriated to, or otherwise received by, the Rural Health Care Stabilization Program and all funds received […]
§ 131A-33 – Application for loan evaluation.
131A-33. Application for loan evaluation. (a) Application and Plan. – A public agency, an owner of a health care facility, or a partnership including one or more of those entities may apply for a loan under the Program to benefit an eligible hospital. To apply for a loan, an applicant must develop a hospital stabilization […]